There are other options available to borrowers instead of accepting a high interest rate loan from a payday lender. Alternatives show that there is no reason to accept unfavorable loan terms.

In Britain, a revival of illegal lenders are making hay as people's incomes fall and legitimate borrowing avenues shut down.

The rates on direct, person-to-person (P2P) lending are attractive; unfortunately the risk is not.

Although credit is still tight, it appears that fewer banks have tightened loan standards as compared to a few months ago.  

Peer-to-peer lenders help match borrowers with lenders online. Now, one of those lenders, Prosper Marketplace, is allowing financial institutions into the game and letting them borrow money from investors as well.

A new bill presented to Congress is aimed at making it harder for consumers to get payday loans, given that many take out the loans without realizing how expensive they will be to pay off.

Asking family members for loans is becoming more common with the credit market tightening up. Here are some things to consider if you are considering making a personal loan.

Family and friend loans often are paid late, incomplete or forgotten all together. Steve Yoder and his son Isaac discuss how their loans and repayments have changed over the years.

Using peer-to-peer loans, whether from friends and family or strangers, is a new trend for people unable to get a loan from a bank and who are looking for better rates.

The financial crisis has left banks with cold feet in the loan department. So where are people turning for financing? Their families.